Sound Energy (LON:SOU) Trading Down 6.6% – What’s Next?

by · The Cerbat Gem

Sound Energy plc (LON:SOU – Get Free Report)’s stock price was down 6.6% on Thursday . The company traded as low as GBX 1.07 and last traded at GBX 1.07. Approximately 7,785,372 shares traded hands during mid-day trading, an increase of 162% from the average daily volume of 2,972,970 shares. The stock had previously closed at GBX 1.15.

Sound Energy Price Performance

The stock has a 50 day moving average of GBX 0.69 and a two-hundred day moving average of GBX 0.70. The company has a debt-to-equity ratio of 182.23, a quick ratio of 2.08 and a current ratio of 0.60. The stock has a market cap of £21.85 million, a PE ratio of -4.20 and a beta of 1.83.

Sound Energy (LON:SOU – Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The company reported GBX (0.27) earnings per share (EPS) for the quarter. Equities analysts anticipate that Sound Energy plc will post -0.4 EPS for the current year.

Sound Energy Company Profile

(Get Free Report)

Sound Energy is an upstream gas company with assets in Morocco, listed on the AIM market of the London Stock Exchange. Sound energy is focussed on providing lower carbon footprint fuels, powering the region’s energy transition through cash generative developments.

Sound Energy is developing Phase 1 of its operations in the Tendrara production concession, a Micro LNG facility to supply gas to Moroccan industry.

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